Geophysics and Drilling Activities At Doby George And Gravel Creek - Aura Project

VANCOUVER - Western Exploration Inc. announced the commencement of an IP geophysics program and a 2,000-meter diamond core drill program at the Aura project, located approximately 75 miles north of the city of Elko, Nevada. KLM Geophysics has initiated a 33.0-kilometer IP geophysics program to test extensions of mineralization in the Doby George and Wood Gulch/Gravel Creek resource areas, as well as new targets in the Maggie Summit area. The data derived from this program will provide the Company with the information needed to better define future drill targets, with the goal of expanding the existing gold and silver resources across the project. The Company anticipates that KLM Geophysics will complete the program by mid-August 2023. Major Drilling is scheduled to begin a 2,000-meter diamond core drill program at Gravel Creek on August 1, 2023. The program will test a north-east trending structural corridor hosting high-grade (up to 40.05 g/t Au and 1,951 g/t Ag) low sulfidation epithermal veins in the Jarbidge rhyolite peripheral to the Gravel Creek resource. Au-Ag-As-Sb-Mo anomalies in soil and rock geochemistry extend up to 2.0 kilometers to the north-east of the Gravel Creek resource along the same trend, suggesting further exploration potential.

CEO, Darcy Marud, said, "We are excited about the initiation of the 2023 Aura Project exploration program. Data compilation and targeting by Western Exploration, GoldSpot and Geomax over the past year has refined mineralization controls and identified multiple targets that may expand the current Aura Project resource base near Doby George and Wood Gulch/Gravel Creek, as well as hold potential for new generative discoveries in the Maggie Summit area. Previous IP surveys were very successful in outlining the Gravel Creek deposit and we are excited to see results as we extend the technique into other areas of the project.

Secondly, detailed structural mapping in combination with oriented core data collected in 2020, has confirmed that there is a strong north-east orientation to many of the veins hosted within the Jarbidge rhyolite peripheral to the Gravel Creek deposit. The assays and oriented core data from the 2023 drilling program will provide key information, which the Company hopes to use to advance the Jarbidge vein zone towards a mineral resource estimate. Presently, none of the 31 legacy intercepts in 17 holes with + 5.0 g/t Au are included in the current mineral resource estimate at the Aura Project, as outlined in the Aura Technical Report."